- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 7/19/21 at 9:00 am to Scooba
Posted on 7/19/21 at 9:00 am to Scooba
I only started looking at crypto back in March.. don't take me seriously, especially for any technical analysis.
I feel like the bear is here, and we'll probably continue to drop over time for a while. We're just in the early stages.
I have zero technical reasons or indicators for believing any of this and am incorrect more often than correct; it's just a gut feeling based upon sentiment and the way the market's been behaving. Nobody knows a bear market is here until it's too late, there's always positive 'BUT IT'S GONNA MOON SOON" sentiment until it drops so much that people flip from "IT'S GONNA MOON SOON" to "CRYPTO IS FAKE MONEY, WORTHLESS, USELESS. ITS NEVER GOING TO RECOVER".
We haven't hit that kind of hopelessness yet, and, with the level of institutional adoption that's been occurring the bear may not be as bad as previous bears.
I feel like the bear is here, and we'll probably continue to drop over time for a while. We're just in the early stages.
I have zero technical reasons or indicators for believing any of this and am incorrect more often than correct; it's just a gut feeling based upon sentiment and the way the market's been behaving. Nobody knows a bear market is here until it's too late, there's always positive 'BUT IT'S GONNA MOON SOON" sentiment until it drops so much that people flip from "IT'S GONNA MOON SOON" to "CRYPTO IS FAKE MONEY, WORTHLESS, USELESS. ITS NEVER GOING TO RECOVER".
We haven't hit that kind of hopelessness yet, and, with the level of institutional adoption that's been occurring the bear may not be as bad as previous bears.
1
Posted on 7/19/21 at 9:08 am to Scooba
The fact that with trading volumes are at all times lows and staying above 30k is bullish to me.
This means, in my view, much of the retail that got in at ATH’s and got liquidated out will start to play again soon and with the ETFs and means for your more traditional investor to start getting in, I only see upside.
Even if we retest something in the 20’s, I’m still bullish from 2-3 months and obviously 5+ years.
Then again, all I chase now is yield.
This means, in my view, much of the retail that got in at ATH’s and got liquidated out will start to play again soon and with the ETFs and means for your more traditional investor to start getting in, I only see upside.
Even if we retest something in the 20’s, I’m still bullish from 2-3 months and obviously 5+ years.
Then again, all I chase now is yield.
This post was edited on 7/19/21 at 9:09 am
Posted on 7/19/21 at 9:47 am to JayDeerTay84
LINK
One of the guys who created Doge saying he's gotten out of crypto and basically thinks 'tis all a scam. Can't really argue with many of his assertions about the overall market though I'm still optimistic long term.
SIAP. Thought is was an interesting clash of perspectives and obviously written as a rebuke of that billionaire dude who likes dogs.
One of the guys who created Doge saying he's gotten out of crypto and basically thinks 'tis all a scam. Can't really argue with many of his assertions about the overall market though I'm still optimistic long term.
SIAP. Thought is was an interesting clash of perspectives and obviously written as a rebuke of that billionaire dude who likes dogs.
Posted on 7/19/21 at 10:04 am to Douglas Quaid
Well, yeah. Doge is/was a scam. They told everyone that from the beginning
Posted on 7/19/21 at 10:39 am to Douglas Quaid
I'd probably feel guilty if a joke product I started was manipulated by billionaires to fleece the gullible, but I didn't create a joke product, and I'm a hardcore capitalist, so I don't agree with most of his statement. I do partially agree with:
quote:
Despite claims of “decentralization”, the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace.
Posted on 7/19/21 at 11:28 am to JayDeerTay84
quote:
The fact that with trading volumes are at all times lows and staying above 30k is bullish to me.
Eh. Volume spiking when we got to 30k would be bullish. Slow bleeds on alts while btc just holds on 30k means people are selling alts and funneling back into btc.
Btc may sit around 30k as a floor until it takes back 60% market dominance.
Posted on 7/19/21 at 12:54 pm to Tiguar
My USDC allocation has nearly doubled for all the wrong reasons. 
Posted on 7/19/21 at 6:08 pm to Hulkklogan
You’re learning.
The market won’t quit dipping until people think the world is ending and hope is lost.
It’s called “capitulation” for a reason.
The market won’t quit dipping until people think the world is ending and hope is lost.
It’s called “capitulation” for a reason.
This post was edited on 7/19/21 at 6:09 pm
Posted on 7/19/21 at 7:41 pm to Tiguar
Posted on 7/19/21 at 8:09 pm to Got Heeem
Maybe a moderate boost with this conference on Wednesday if Elon provides some bullish quotes? We know Cathy and Jack are always bullish.
Hopefully enough to get it to 34-36 again so everyone can sell and buy back at 31. That seems to be the thing now.
Hopefully enough to get it to 34-36 again so everyone can sell and buy back at 31. That seems to be the thing now.
This post was edited on 7/19/21 at 8:18 pm
Posted on 7/19/21 at 8:18 pm to James11111
we have held 30k so far in the face of the GBTC unlocks
I’m not happy about where the market is but I’m not ready to give up on the chance of a recovery yet. I’ve mentally accepted the market is probably more likely to tank, however; and it’s time to just focus on accumulation for the next cycle.
I’m not happy about where the market is but I’m not ready to give up on the chance of a recovery yet. I’ve mentally accepted the market is probably more likely to tank, however; and it’s time to just focus on accumulation for the next cycle.
Posted on 7/19/21 at 8:27 pm to James11111
ETH just keeps adding dips to its dips and more dips. Lol
Posted on 7/19/21 at 9:05 pm to Ross
The good news is if we are in a bear, we are three months into it already!
Posted on 7/19/21 at 9:05 pm to TheDuke5524
Loaded up on more ETH when it went under $1800.
Posted on 7/19/21 at 9:15 pm to FlyinTiger93
ETh at 1800 in a bear market. Lawdy lawdy
Posted on 7/19/21 at 9:21 pm to jimbeam
Am I the only one who still thinks we hit new all time highs in 2021? Bunch of debbie downers in here.
Posted on 7/19/21 at 9:24 pm to TigerTatorTots
there is a chance people could get air gapped on the next run up while waiting on the 2024 halving
I'm in.
I'm in.
Posted on 7/19/21 at 9:24 pm to TigerTatorTots
quote:
Am I the only one who still thinks we hit new all time highs in 2021? Bunch of debbie downers in here.
I would love to think like you. Convince me.
Posted on 7/19/21 at 9:26 pm to Tiguar
quote:
The market won’t quit dipping until people think the world is ending and hope is lost.
It’s called “capitulation” for a reason.
It's gonna be shitty when I have to look my wife in the eye and tell her we're upside down bad, but:
I believe in this space, just gotta get average costs down in the bear market.
Posted on 7/19/21 at 9:29 pm to Hulkklogan
quote:
t's gonna be shitty when I have to look my wife in the eye and tell her we're upside down bad, but:
Im a newbie too but I put a decent amount in when BTC was 17K and ETH was 500. I also put a decent amount in when BTC was at 55k
I'll be around break-even if BTC hits 27K. Im in it for long term though, although I have opened a separate portfolio on CBP to trade with.
This post was edited on 7/19/21 at 9:30 pm
Page 1630 of 2241
Popular
Back to top
Follow TigerDroppings for LSU Football News